Form 4: Beth A. Brooke Acquires Additional New York Times Company Stock Through Dividend Equivalent RSUs

Director Beth A. Brooke acquired 36 shares of New York Times Company Class A Common Stock through dividend equivalent restricted stock units (RSUs).

Summary

• On October 24, 2024, Beth A. Brooke, a director of The New York Times Company, acquired 36 shares of Class A Common Stock.
• The acquisition was through dividend equivalent restricted stock units (RSUs) at a price of $0.
• These RSUs were granted in respect of previously reported RSUs awarded under the company's 2020 Incentive Compensation Plan.
• Following the transaction, Brooke beneficially owns 15,914 shares of The New York Times Company's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. There's no indication of significant positive or negative implications for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation, and the reporting of these transactions is a standard regulatory requirement.

Key Dates